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It seems like Bush and our government at large seems like they just want to repeat the same mistakes, over and over, expecting different results. War in Iraq not working? Send more troops to their deaths! AAAAARRGH!
So, if I were going to develop a policy, it would be made up of this:
1 - Get off oil. Seriously - that is the ONLY way they get money. We stop using oil, we stop their money and they go back to trading patchouli along the silk road.
Besides, we're fucking up the atmosphere with that shit in ways you can't even imagine. Start throwing the $$$ we are wasting in these needless wars into R&D for Fuel Cells, Solar, Cold Fusion and Biodeisel research. Let's get a non-fossil fuel car standard on the road by 2010.
2 - While we develop this tech, make nice with Venezuela (trust me, they don't hate US they hate our series of psychopathic presidents) and live of their and domestic oil until that tech is standard.
3 - Gear up for a Saudi pullout of the real estate market. It's going to hurt, but if we prepare we can make it less painful. When we go about bringing their economy to its knees by not buying oil, Saudi Royalty will not be happy and they will pull out of all the real estate they have invested in over the years.
4 - STOP SELLING THEM WEAPONS!!! All of the "bad guys" after us now (and in the past) are fighting us with our weapons that we sold them. We sold Iran weapons during Iran-Contra, we sold Iraq WMDs to kill the Kurds under Sadaaam, and we trained and armed Osama Bin Laden in Afghanistan. Stop it - now! Haven't we fucking learned?
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